Kenya inflation edges up to 7.39 pct in year to June

Kenya's inflation crept up to 7.39 percent in the year to June from 7.30 percent in the previous month, the statistics office said on its website on Monday.
The rate, which has risen steadily since April when it was at 6.27 percent, still remained within the government's medium-term target of 5 percent, plus or minus 2.5 percentage points, on either side.
During the month, prices of some food commodities like green maize declined, helping the food and non-alcoholic beverages index to fall by 0.26 percent from May, the statistics office said.
The housing, water, electricity, gas and other fuels index however went up by 0.70 percent from the previous month, contributing to the uptick in headline inflation.
The central bank's monetary policy committee is scheduled to meet next week to set interest rates.